PPCC COMPLAINS OF CENTRAL BANK NON-COMPLIANT POSTURE

The Editor,

Why is the Central Bank afraid of a real audit? (Re “PPCC COMPLAINS OF CENTRAL BANK NON-COMPLIANT POSTURE”)

Every time you talk about auditing the Central Bank of Liberia (CBL), Dr. Mills Jones, the CBL Governor, gives you the middle finger, and declare that the Bank has already been audited!..

But there’s one big problem, Governor. We’re NOT talking (and he knows it) about a financial audit of CBL’s books, which was done by your external auditors (PricewaterhouseCoopers)!

When we talk about auditing the CBL, we’re talking about a comprehensive audit of the Bank’s operations, especially the management of its Micro Finance Program a.k.a the Loan Extension and Availability Facility (LEAF) Program for free-loaders!

Can someone ask Governor Jake Milton Jones if he knows the difference between a financial audit and comprehensive audit?

If he doesn’t respond, say “Governor, I know you skip your auditing class (on Cuttington) to chase Kpelle women, but there is a BIG difference between a financial audit and comprehensive audit, so let me educate you:”

A financial audit seeks to express an independent opinion on the truth and fairness of a
government’s unit financial records.

Whereas, a comprehensive audit seeks to ascertain whether a government’s unit is achieving economy, efficiency, and effectiveness in its employment of public resources! It’s also performed to combat waste, fraud, abuse and illegal activities!!

That’s why the people’s representatives (lawmakers) commissioned the PPCC (the people’s auditors) to do a comprehensive audit, but you and your unaccountable audit committee keep telling them that ONLY the CBL can audit itself or pay someone (PricewaterhouseCoopers) to audit it….That’s nonsense!

But such boloney shouldn’t be tolerated by our National Legislature! The supreme law of the land (Constitution, Article 89) specifically grant the legislature the power to enact law (pass a bill to audit the CBL) for the smooth operation of the government.

So if Dr. Mills Jones refuses to comply with House’s audit request, they should hold him in contempt for obstructing the people’s work, and lock his as. up for 48 hours!

Stop shaking in your boots, Governor! If you have nothing to hide, you have nothing to fear, right?

Martin Scott
Atlanta, Georgia
The Editor,

Why is the Central Bank afraid of a real audit? (Re “PPCC COMPLAINS OF CENTRAL BANK NON-COMPLIANT POSTURE”)

Every time you talk about auditing the Central Bank of Liberia (CBL), Dr. Mills Jones, the CBL Governor, gives you the middle finger, and declare that the Bank has already been audited!..

But there’s one big problem, Governor. We’re NOT talking (and he knows it) about a financial audit of CBL’s books, which was done by your external auditors (PricewaterhouseCoopers)!

When we talk about auditing the CBL, we’re talking about a comprehensive audit of the Bank’s operations, especially the management of its Micro Finance Program a.k.a the Loan Extension and Availability Facility (LEAF) Program for free-loaders!

Can someone ask Governor Jake Milton Jones if he knows the difference between a financial audit and comprehensive audit?

If he doesn’t respond, say “Governor, I know you skip your auditing class (on Cuttington) to chase Kpelle women, but there is a BIG difference between a financial audit and comprehensive audit, so let me educate you:”

You ready, Governor?

A financial audit seeks to express an independent opinion on the truth and fairness of a
government’s unit financial records.

Whereas, a comprehensive audit seeks to ascertain whether a government’s unit is achieving economy, efficiency, and effectiveness in its employment of public resources! It’s also performed to combat waste, fraud, abuse and illegal activities!!

That’s why the people’s representatives (lawmakers) commissioned the PPCC (the people’s auditors) to do a comprehensive audit, but you and your unaccountable audit committee keep telling them that ONLY the CBL can audit itself or pay someone (PricewaterhouseCoopers) to audit it….That’s nonsense!

But such boloney shouldn’t be tolerated by our National Legislature! The supreme law of the land (Constitution, Article 89) specifically grant the legislature the power to enact law (pass a bill to audit the CBL) for the smooth operation of the government.

So if Dr. Mills Jones refuses to comply with House’s audit request, they should hold him in contempt for obstructing the people’s work, and lock his as. up for 48 hours!

Stop shaking in your boots, Governor! If you have nothing to hide, you have nothing to fear, right?

Martin Scott
Atlanta, Georgia

Governor Jones Pic: www.frontpageafrica.com

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